US stocks closed lower Thursday, as the major indexes struggled to build on the previous day's surge amid another round of big bank earnings and a slide in tech stocks. Investors also watched the Capitol Hill confirmation hearing of President-elect Donald Trump's pick for Treasury Secretary, Scott Bessent.

Wall Street is drifting and making smaller moves on Wednesday, a day after strong reports on the economy stirred up worries that inflation and interest rates may stay higher than expected. The S&P 500 was edging down by 0.

Asian Shares Advance After Inflation Data Drives a Rally on Wall Street TOKYO (AP) — Asian shares mostly rose Thursday, following a rally on Wall Street driven by encouraging update on U.S. inflation.